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- Release Date: 22/04/14 16:25
- Summary: MINE: NZO: Seismic survey completed at Waru
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NZO
22/04/2014 14:25
MINE
REL: 1425 HRS New Zealand Oil and Gas Limited
MINE: NZO: Seismic survey completed at Waru
A seismic survey of around 540 kilometres of 2D data has been completed in
the Waru permit, PEP 54857 off South Taranaki, where New Zealand Oil & Gas
holds a 100 per cent interest.
The survey will help New Zealand Oil & Gas geoscientists better understand
the geological structures within Waru and identify areas of prospectivity.
New Zealand Oil & Gas reached an agreement with the operator of the Maui
joint venture to include two lines of seismic over the Maui field in exchange
for data from the Rura-1A well. The results of the well will enhance
knowledge of the permit area.
The Waru seismic survey was completed by the vessel Aquila Explorer, and
finished under budget despite weather interruptions. The survey complied
fully with the Code of Conduct for minimising acoustic disturbance to marine
mammals from seismic survey operations.
Data will now be sent for processing, and analysis will follow to determine
further exploration plans in the permit.
The completed seismic survey satisfies the obligation to perform a 2D survey
over at least 400 kilometres before September this year.
The Waru permit covers around 525 square kilometres. A map is attached. No
wells have been drilled in this permit. The block lies within the source
kitchen for the Maui and Maari oil and gas fields. Rights to explore in the
Waru permit were awarded to New Zealand Oil & Gas in the New Zealand
Government's December 2012 Block Offer.
John Pagani
External Relations Manager
+64 21 570 872
End CA:00249678 For:NZO Type:MINE Time:2014-04-22 14:25:35
